Finance & Investment
Knighthead Funding Originates 3 Michigan Loans
The financing will be used for various projects in Detroit, Traverse City and Ann Arbor.
North Tampa Community Lands $50M Refi
Walker & Dunlop provided the 10-year Freddie Mac mortgage which retires two CMBS notes of nearly $37 million.
Northern Columbus Community Lands $35M Fannie Mae Refi
The financing replaces $29 million in construction financing at the 196-unit Station 324.
Interra Realty Arranges $3M Suburban Chicago Sale
Senior Managing Partner Joe Smazal, Managing Partner Pat Kennelly and Director Paul Waterloo facilitated the transaction.
Long Island City Community Gets $65M Loan
The Freddie Mac mortgage secured by Greystone retires an existing construction loan and provides additional capital.
Insight Property JV Makes $59M Purchase in Washington, DC Metro
Berkadia secured $45.5 million in financing through Freddie Mac for the 219-unit property acquisition in Annandale, Va.
TSB Capital Advisors Arranges Financing for Cleveland Development
Apart from the three-bank loan, the project also received funding from state and local authorities.
Multifamily Trends in NYC, New Jersey: Similarities and Differences
Circle Squared Alternative Investments CIO Jeff Sica weighs in on the region’s multifamily market and what renters will be drawn to once the crisis subsides.
JLL Arranges Development Financing for Minneapolis-Area Community
The 202,122-square-foot NOVO will feature 192 units in Richfield, Minn.
Berkadia Arranges $44M Class B Portfolio Refi
The new loans pay down $28.8 million previously taken for Allmark Properties’ two communities in Texas and Southern California.